Todd Maiden

Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies.
Jul - 2025 -
14 July
Todd Maiden

June produces mixed freight trends, recovery remains ‘elusive’

June data from Cass Information Systems showed a decline in shipments but expenditures continued to rise.

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11 July
Todd Maiden

Schneider National touts enhanced cross-border intermodal speeds

Schneider National announced improved transit times on its cross-border intermodal service with Canadian Pacific Kansas City.

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10 July
Todd Maiden

Carrier Logistics automates LTL shipment data entry

Carrier Logistics, Inc. announced that its freight management system now supports the automatic population of data entry fields from a bill of lading.

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09 July
Todd Maiden

ArcBest touts results from EV semi pilot

An electric Tesla semi recently piloted by ArcBest performed comparably to its diesel counterparts, the company announced Wednesday.

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08 July
Todd Maiden

Yellow Corp. selling 4 terminals for $4M

A filing with a federal bankruptcy court in Delaware shows Yellow Corp. will liquidate four terminals for $4 million.

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07 July
Todd Maiden

Cold storage provider Lineage announces expansion in Canada

Cold storage facility operator Lineage has acquired three locations in Canada and plans to expand another three locations in the country by the middle of next year.

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Jun - 2025 -
13 June
Todd Maiden

Cass Freight Index: Shipments down, rates up in May

May data from Cass Information Systems shows continued pressure on freight demand, but carriers are experiencing some pricing relief.

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12 June
Todd Maiden

Forward Air chairman, 2 directors leave after shareholder vote

Forward Air announced the departure of three board members following a push from activist investor Ancora Holdings Group.

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11 June
09 June
Todd Maiden

Dynamic pricing, easy comps end 22-month tonnage downturn at ArcBest

Easy comps and dynamic pricing have ArcBest back in growth mode, but yields are now lagging.

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05 June
Todd Maiden

Saia’s tonnage turns negative after 22-month run

Less-than-truckload carrier Saia reported a decline in tonnage for the first time since Yellow Corp. closed.

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04 June
Todd Maiden

Descartes cutting 7% of workforce after earnings miss

Supply chain SaaS provider Descartes said a 7% reduction in head count is prudent given uncertainty in the market.

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Todd Maiden

XPO sees modest tonnage decline in May

Less-than-truckload carrier XPO saw a volume decline in May that was in line with its previous guidance.

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Todd Maiden

Old Dominion’s May update in line with prior Q2 guide

Old Dominion Freight Line said in a Wednesday update that the soft trends experienced so far in 2025 continued through May.

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03 June
Todd Maiden

Transportation pricing grows faster than capacity again in May

Various transportation metrics maintained recent growth trajectories in May, according to a monthly survey of supply chain managers.

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02 June
Todd Maiden

Yellow Corp. to sell 4 terminals for $6.8M

Yellow Corp. has asked a federal bankruptcy court to approve four terminal sale agreements totaling $6.8 million.

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Todd Maiden

Proxy adviser backs activist’s move to reshape Forward Air board

Activist investor Ancora said an independent proxy adviser is backing its plea to Forward Air shareholders to vote against three legacy directors who served during the ill-conceived Omni Logistics acquisition.

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May - 2025 -
30 May
Todd Maiden

J.B. Hunt expands premium intermodal offering to shippers in Mexico

J.B. Hunt Transport Services has expanded its premium intermodal offering, Quantum, to businesses in Mexico.

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29 May
Todd Maiden

Americold breaks ground on first import-export hub in Canada

Cold storage warehouse operator Americold said it has started building an $80 million facility at Canada’s Port Saint John.

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Todd Maiden

ArcBest taps CH Robinson veteran to fix asset-light business

ArcBest announced it has hired former C.H. Robinson brokerage President Mac Pinkerton to lead operations at its asset-light logistics segment.

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23 May
Todd Maiden

3PL focused on events, luxury goods changes private equity hands

Providence Equity Partners has acquired a controlling stake in Global Critical Logistics.

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22 May
Todd Maiden

Truckload spot rates to continue upward trend, RXO says

North America’s third-largest full truckload broker, RXO, believes spot rates will continue to step higher.

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21 May
Todd Maiden

LTL carrier Averitt partners with Best Overnite Express for service in the West

Less-than-truckload carrier Averitt announced it has inked a partnership with Western carrier Best Overnite Express.

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Todd Maiden

Activist investor pushes Forward Air to execute ‘value-maximizing sale’

Activist investor Ancora is doubling down on efforts at Forward Air to shake up the board and force the company to sell.

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20 May
Todd Maiden

Pitt Ohio opens maritime terminal in Norfolk, Virginia

Less-than-truckload carrier Pitt Ohio has opened a terminal near the Port of Norfolk.

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Todd Maiden

Private equity-backed Everest Transportation acquires Simple Logistics

Private equity firm Cambridge Capital announced it is combining its majority-owned broker Everest Transportation Systems with fellow 3PL Simple Logistics.

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Todd Maiden

FedEx taps leaders from within for LTL spinoff, to Wall Street’s dismay

FedEx Corp. has announced the new leaders for less-than-truckload carrier FedEx Freight following a 2026 spinoff.

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19 May
Todd Maiden

KAG Canada acquires milk hauler Fisher Transport

Kenan Advantage Group acquires the largest milk hauler on Canada’s Atlantic Coast.

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15 May
Todd Maiden

April sees mixed freight trends on path to recovery

April data from Cass Information Systems showed some stabilization on the freight industry’s path to recovery.

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14 May
Todd Maiden

ArcBest’s mobile freight dimensioning technology moves forward

ArcBest has provided an update on a pilot for its freight dimensioning tech on forklifts and announced a key hire in the unit.

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13 May
Todd Maiden

Insurance costs, fraud and cargo theft hit Landstar’s Q1

Freight broker Landstar System reported a messy first quarter, dragged down by insurance costs, fraud and stolen cargo.

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12 May
Todd Maiden

Radiant Logistics beats expectations to start year

Radiant Logistics reported better-than-expected results for its fiscal third quarter ended March 31.

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08 May
Todd Maiden

Food storage demand cooling amid trade war, inflation fears

Cold storage real estate investment trust Americold said it has seen a significant slowdown in demand over the past 30 to 45 days.

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07 May
Todd Maiden

Forward Air touts Q1 achievements, investors await next steps

Forward Air’s first-quarter update provides investors with little insight into an ongoing strategic review of the company.

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Todd Maiden

Activist investor pushes board shake-up at Forward Air

Activist investor Ancora Holdings Group is asking Forward Air’s shareholders to vote against three board members at the upcoming annual meeting.

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06 May
Todd Maiden

Rising transportation pricing in April outpaced capacity growth

Transportation metrics were mixed in April, according to the Logistics Managers’ Index.

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Todd Maiden

Saia, others buying 10 Yellow Corp. terminals

Returning bidder Saia headlines a list of mostly newcomers vying for Yellow’s terminals.

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05 May
Todd Maiden

Kenco adds 4 warehouses in Canada as part of 3PL acquisition

Chattanooga, Tennessee-based Kenco said Monday it has acquired the 3PL arm of Ontario, Canada-based company Drexel Industries.

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Todd Maiden

Premier Bulk Systems acquires Canada east coast operator

Bulk liquid hauler Premier Bulk Systems has acquired Canadian peer Longhorn Transportation.

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02 May
Todd Maiden

Forward Air looks for a fresh start in Delaware

Forward Air is seeking shareholder approval to reincorporate in Delaware, where it may be easier to sell the company or seek other strategic alternatives.

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01 May
Todd Maiden

Tariffs trim Schneider National’s 2025 growth expectations

Schneider National is still targeting 2025 as a growth year but not likely as robust as hoped due to trade uncertainty.

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Todd Maiden

Schneider National’s Q1, outlook not as bad as feared

Schneider National posted a rare earnings beat in what was a tough quarter for transportation companies.

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Todd Maiden

Losses continue to mount at Heartland Express

Heartland Express booked another net loss during the first quarter.

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Apr - 2025 -
30 April
Todd Maiden

XPO sees runway for higher margins even if downcycle lingers

Less-than-truckload carrier XPO reiterated its outlook for margin improvement in 2025 even if the economy doesn’t cooperate.

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Todd Maiden

First look: XPO beats first-quarter earnings expectations

Less-than-truckload carrier XPO is one of the few transportation companies to report better-than-expected results for the first quarter.

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29 April
Todd Maiden

ArcBest says LTL pricing not under attack

ArcBest said it’s still seeing a rational less-than-truckload pricing environment and expects a normal seasonal uptick in demand during the second quarter.

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Todd Maiden

First look: ArcBest reports tough Q1

ArcBest reported a miss for the first quarter as it balances keeping its network full with finding decently margined freight.

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28 April
Todd Maiden

Landstar quantifies suspected fraud event, delays Q1 report

Broker Landstar System has delayed its first-quarter report as it further investigates what it says was fraud tied to an independent agent working under its freight forwarding operation.

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25 April
Todd Maiden

Saia’s shares sag 30% as tariffs tank demand, exacerbate growing pains

Saia’s shares are getting punished as the company’s ambitious growth efforts have been derailed by a trade war.

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Todd Maiden

Saia badly misses Q1 mark, shares off 24% pre-market

Less-than-truckload carrier Saia’s first quarter was much worse than analysts feared.

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24 April
Todd Maiden

Prologis Mobility bridges infrastructure readiness gap in EV charging

Prologis said Thursday that a new electric vehicle charging platform will let users circumvent utility connectivity issues in markets where infrastructure is lagging.

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Todd Maiden

TL carrier Pamt books another loss in Q1

Pamt Corp. reported a sixth straight operating loss in its truckload business during the first quarter.

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23 April
Todd Maiden

Knight-Swift grappling with tariff-spooked customers in bid season

Knight-Swift Transportation said some customers are delaying decision making and others are drawing down inventories as the market awaits some resolution on U.S. trade policy.

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Todd Maiden

Knight-Swift blames trade uncertainty for reduced Q2 outlook, no Q3 guide

Knight-Swift Transportation lowered its second-quarter outlook and didn’t provide third-quarter guidance due to a “fluid trade policy,” which is weighing on customer decision making.

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Todd Maiden

Market shaken, LTL carrier Old Dominion isn’t

Old Dominion Freight Line is only modestly altering near-term plans as it looks to take market share during the next less-than-truckload upswing.

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Todd Maiden

First look: Old Dominion Q1 earnings

Old Dominion Freight Line beat first-quarter expectations on Wednesday but lowered its capex budget as demand weakness lingers.

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22 April
Todd Maiden

AIT Worldwide Logistics acquires Miami freight forwarder

Freight forwarder AIT Worldwide Logistics announced it has acquired a Miami-based forwarder.

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21 April
Todd Maiden

Forward Air ups Q1 EBITDA forecast

Forward Air on Monday updated its first-quarter expectations for a second time.

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16 April
Todd Maiden

Infrastructure investment firm Stonepeak acquires Dupre Logistics

Investment firm Stonepeak has acquired energy-focused transportation and logistics company Dupre Logistics.

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Todd Maiden

Prologis sticks with 2025 outlook, but customers grow more cautious

Logistics warehouse operator Prologis reiterated its 2025 guidance on Wednesday but noted that uncertainty around a volatile trade landscape has customers delaying leasing decisions.

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Todd Maiden

First look: Prologis Q1 earnings

Logistics real estate investment trust Prologis beat first-quarter expectations and maintained its full-year 2025 outlook but noted “policy uncertainty is making customers more cautious.”

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15 April
Todd Maiden

J.B. Hunt’s intermodal bid season delivers mixed results

J.B. Hunt Transport Services said it’s remaining rate-disciplined on the intermodal front, allowing some business to walk as it works to improve yields and margins in the segment.

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Todd Maiden

First Look: J.B. Hunt Q1 earnings

J.B. Hunt Transport Services’ first-quarter earnings result came in ahead of recently lowered forecasts.

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14 April
Todd Maiden

FitzMark announces 2 brokerage acquisitions

Third-party logistics provider FitzMark announced the acquisition of brokers High Point Logistics and Pentonix Freight.

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Todd Maiden

March freight demand enters, exits like a lamb

Freight data from Cass Information Systems shows the industry closed the first quarter on a down note.

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10 April
Todd Maiden

Amazon launches inbound-only LTL service

Amazon has announced an inbound-only less-than-truckload service providing vendors that can’t fill a full trailer with a cheaper option to ship freight to its distribution centers.

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09 April
Todd Maiden

Forward Air flags 10% to 15% revenue impact from new tariffs

Forward Air said Wednesday that 10% to 15% of last year’s revenue would have been impacted by the new tariffs.

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08 April
Todd Maiden

LTL rates projected to keep rising y/y in Q2, TL rates to stay ‘at the bottom’

The TD Cowen/AFS Freight Index showed recent trends in truckload and less-than-truckload pricing will continue for another quarter.

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07 April
Todd Maiden

LTL stocks bloodied post-Liberation Day, estimates cut ahead of Q1 reports

Less-than-truckload stocks bore the brunt of Liberation Day tariffs, falling 18% on average following the announcement and adding to an already down year.

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06 April
Todd Maiden

Saia moving customer service function to its terminals

Less-than-truckload carrier Saia has restructured its customer service function and will now have local terminals rather than remote representatives handle the inbound.

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03 April
Todd Maiden

Turvo, SMC3 team up to improve LTL shipping process

Turvo said Thursday that SMC3’s less-than-truckload freight management tools can now be accessed through its TMS.

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02 April
Todd Maiden

Vertical Cold Storage acquires Detroit operator Arctic Logistics

Vertical Cold Storage has acquired Arctic Logistics and its warehouse serving the Detroit-Ontario, Canada, region.

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01 April
Todd Maiden

Lineage finalizes acquisition of Bellingham Cold Storage

Cold storage facility operator Lineage has acquired Bellingham Cold Storage and its three warehouses.

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Todd Maiden

March supply chain data craters following inventory pull-forward

A supply chain sentiment survey logged its third-fastest rate of decline during March, with transportation datasets seeing further cooling.

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Mar - 2025 -
31 March
Todd Maiden

Yellow’s new bankruptcy plan revealed, next steps still uncertain

Details around final distributions to Yellow Corp.’s creditors are out, but the company’s largest shareholder may not be on board.

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26 March
Todd Maiden

Truckload earnings estimates cut as Q1 draws to a close

Susquehanna Financial Group lowered its earnings forecasts for the truckload, intermodal and logistics companies it follows.

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Todd Maiden

Kenan Advantage Group acquiring MC Tank Transport

An internal memo at liquid bulk hauler MC Tank Transport shows the company has been sold to Kenan Advantage Group.

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25 March
Todd Maiden

E-commerce buildout supporting logistics space leasing activity

Real estate investment trust Prologis said the need for more e-commerce fulfillment space is growing.

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21 March
Todd Maiden

FedEx prepping LTL unit ahead of spinoff

FedEx is working on several fronts to shore up its less-than-truckload business ahead of a 2026 spinoff.

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19 March
Todd Maiden

Yellow’s 325-door California terminal fetches $55M

Defunct Yellow Corp. liquidates another property as creditors await a final bankruptcy plan.

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18 March
Todd Maiden

Roadrunner adds new lanes to long-haul network

Less-than-truckload carrier Roadrunner said it has added 278 direct metro-to-metro routes.

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Todd Maiden

Yellow creditors’ battle over $550M-plus carcass heats up

Yellow’s final bankruptcy plan didn’t garner the needed support and will now be countered by a competing plan from the estate’s unsecured creditors.

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17 March
Todd Maiden

February freight trends mixed, outlook ‘fraught with uncertainty’

Cass data for February showed a bounce back in shipments after a messy January, but uncertainty now hangs over a tepid demand environment.

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14 March
Todd Maiden

Knight-Swift adds LTL veteran to board as it targets Northeast expansion

Knight-Swift Transportation has added former Saia Chief Financial Officer Doug Col to its board.

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11 March
Todd Maiden

ContainerPort Group expands Southern California dray network with acquisition

ContainerPort Group’s parent has acquired Dray Alliance, creating one of the largest dray networks serving the Southern California ports.

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10 March
Todd Maiden

ArcBest takes on TL freight to fill empty capacity

ArcBest said it added more truckload freight in February to stem the volume declines at its less-than-truckload business.

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07 March
Todd Maiden

Deutsche Bank eyes industrial rebound, endorses these transportation stocks

Deutsche Bank relaunched coverage of the transportation space on Friday with a strong bias toward companies most likely to benefit from a pickup in the industrial economy.

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06 March
Todd Maiden

Kenan Advantage Group acquires Alabama-based dry bulk hauler

Kenan Advantage Group has acquired Mobile, Alabama-based Evergreen Transport for an undisclosed sum.

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05 March
Todd Maiden

Descartes stands by annual growth target amid tariff uncertainty

Supply chain software provider Descartes is benefiting from a quick-changing tariff environment.

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Todd Maiden

Teamsters to appeal decision that freed Yellow from WARN liability

The Teamsters union told members it is appealing a bankruptcy court’s decision finding Yellow Corp. not liable for failing to provide proper notification ahead of mass layoffs.

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04 March
Todd Maiden

XPO sees improvement in February, tonnage still down y/y

Less-than-truckload carrier XPO’s February tonnage decline isn’t as bad as the headline result suggests.

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Todd Maiden

Old Dominion, Saia stay on different paths to overcome same challenge in Q1

Less-than-truckload carriers Old Dominion and Saia maintained their respective growth strategies in February while both await a market turn.

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Todd Maiden

Tariff fears evident in February supply chain data

Supply chain managers stockpiled goods again in February in efforts to outrun looming tariffs.

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03 March
Todd Maiden

Radiant Logistics acquires California-based forwarder

Radiant Logistics has acquired California-based freight forwarder Transcon Shipping.

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01 March
Todd Maiden

Yellow settles WARN claims from nonunion employees for $12.3M

A federal bankruptcy court has been asked to approve settlement agreements between Yellow Corp. and two groups of former employees who were given shortened layoff notifications.

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Feb - 2025 -
27 February
Todd Maiden

Freight forwarder Allstates WorldCargo expands footprint with latest acquisition

Allstates WorldCargo announced it has acquired freight forwarding peer Saturn Freight Systems.

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Todd Maiden

Teamsters’ WARN claims against Yellow fall short in federal bankruptcy court

A federal bankruptcy court in Delaware sided with Yellow’s rationale for shortening the layoff notification period to union employees.

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26 February
Todd Maiden

Forward Air gains needed breathing room, awaits demand recovery

Forward Air has largely finished the integration of Omni Logistics and now needs a much-improved demand environment to return margins to former levels and pay down debt.

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Todd Maiden

Lineage’s earnings grow through post-pandemic ‘major inventory rebalancing’

Temperature-controlled warehouse owner Lineage Inc. said customer inventories have stabilized at lower levels but it again expects earnings to step higher in 2025.

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